The Canadian job market stood strong in the past month of September as 60 900 jobs emerged pushing the unemployment rate down to 7.1%. In today’s ever changing job market, 7.1% is considered good compared to the United States’s 9.1% unemployment. The jobs however were mostly found in the seasonal educational sector while the private sector unemployment rate rose. Most companies are focused on boosting sales rather than adding to its head count. Employment rates in the professional, scientific and technical services, natural resources and public administration sector rose while the finance, insurance and especially real estate sector fell. The housing market has been leveling off which clearly shows through the decline in jobs in the real estate market.

Companies are conservative in times like these making it difficult for youth to find a job, shown by an unemployment rate of 14%. This in turn leads to a significant increase in enrollment into a post-secondary institution. However, even with a bachelor degree today, finding a job is challenging simply because everyone has the same thought to be more educated and well qualified. Problematic areas such as the real estate sector and the youth unemployment rate should be the center focus for the government on continuing a good trend on decreasing the unemployment rate in Canada.

Links: Canada’s job market makes gains in September

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